This is an overview of the major residential projects underway in Dubai South – the vast area close to the Expo 2020 site and the new airport which is currently attracting investments from all over the world.

Area Overview

The below map gives an overview of the location of the major projects currently underway in Dubai South.

The area close to Mag 5 Boulevard and Pulse is known as The Villages – in this area a number of G+4 and G+8 plots are being developed by private builders.

The only major project that is currently ready in Dubai South is Damac’s serviced apartment project called NAIA Tenora.

A metro-line will be built in time for Expo 2020 which will connect the existing metro-line to the Expo site / Dubai South area.

5 Major reasons to invest in one of the major projects in Dubai South

Billions of dollars are being invested by the Dubai & UAE Governments to develop the Expo 2020 site and related infrastructure. The vast majority of this investment will take place from 2017 – early 2020; and 2017 is the year that major work will commence. Post Expo, the Government plans to start shifting some of the major events & exhibitions from the current Expo Center along Sheikh Zayed Road.

The new airport, potentially the largest in the world when fully operational is a needed infrastructure that will allow Dubai to maintain and grow its lead as the busiest airport hub in the world, currently catering to about 80 million passengers annually. Fly Dubai is already moving its entire base of operations here.

Dubai South is very close to Dubai Parks & Resorts – the major theme park that opened its first phase in late 2016. The Government of Dubai aims to increase the current 14 million tourists a year to 20 million by 2020 and Dubai South / the new airport / Expo 2020 is a major part of this strategy.

Dubai South itself is being billed as a future major hub / city of Dubai and will offer a mix of residential, commercial and hospitality real estate. Demand for housing will be driven mainly from the Airport & logistics economy.

The first projects in this area will offer the most significant opportunity for capital gains and strong rental yields. Investors now have first mover advantage.

Mag 5 Boulevard

This was the first major project launched in Dubai South; is it being developed by Mag Group – which are a large local developer with projects developed across the city including in Dubai Marina and Jumeirah Lake Towers.

Mag 5 consists of 13 low-rise buildings built around a court-yard, park and other community facilities.

As of March 2017, most of the project is sold out and there are only a couple of buildings where sales are taking place.

One of the advantages of investing in Mag 5 is that it will be ready by late 2018 and through 2019; therefore investors will see significant rental yields and capital growth as it will be the only major ready residential in the entire Dubai South area. On the other hand, because the project is a more advanced stage of completion – the property will have to be paid off during a shorter period of time (18 months).

Current Prices:

Studios

AED 330,000 – 360,000

1 Beds

AED 500,000 – 550,000

2 Beds

AED 750,000 – 800,000

Payment Plan:

10% down-payment

40% during construction

50% on handover

Pulse

Pulse is a project by Dubai South themselves (the master-developer of the community). The project was officially launched in October of 2016 and there have been two other sales events following the launch of the first phase.

All the smaller unit types (studios and one beds are sold out); so are the 2, 3 & 4 bedroom tiered townhouses.

As of March 2017 only about 15 – 20 two and three bedroom apartments are available for sale.

The payment-plan offered by Pulse was particularly attractive with three payments of 10% payable over 12 months and the remaining 70% payable on handover.

2 Bedroom apartments will cost from AED 800,000 – 900,000 while the 3 bedroom apartments are available from AED 950,000 – 1,150,000 depending on the building, size and view.

Urbana, Emaar South

Urbana Phase 1 & 2 by Emaar is being developed within Emaar South – a golf-course master-community located on the other side of the Makhtoum Airport.

As of March 2017, both phases of Urbana are 100% sold out but we expect future phases of this project to be launched later this year.

2 Bedroom townhouses were sold at prices ranging from AED 850,000 – 950,000

3 Bedroom townhouses were sold at prices ranging from AED 1,00,000 – 1,150,000

Golf Views, Emaar South

Golf Views by Emaar are mid-rise residential located along an 18 hole golf course. Most of the 2 beds and all the 3 beds have full views of the golf-course. This makes this project unique as there are very few apartments anywhere in Dubai built directly on the golf-course.

This project was launched in March 2017.

Current Prices:

1 Beds

Average Price of AED 680,000

2 Beds

prices range from AED 995,000 – 1,100,000

3 Beds

prices range from AED 1,700,000 – 1,950,000

Purchasing Process

Please get in touch with one of our Dubai South project specialists who can guide you on the pros and cons of each project.

The purchase of any of the units mentioned above will be facilitated directly with the developer and therefore there are no transfer fees, NOC charges or agency commission payable.

To learn more, please contact +971.50.708.6765

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Urbana Phase 1 & 2 has been sold out.

If you are intersted in purchasing in Emaar South or the Dubai South communities, please call +971.50.708.6765 to get in touch with an area specialist or send your inquiry now.

Important

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You will most likely be contacted within 24 hours OR a member of the Lookup.ae team may contact you for more information before assigning your inquiry to one of the estate agents registered on Lookup.ae. You can also contact estate agents who’ve registered on Lookup.ae directly.

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